28,062 SqFt

Bldg Size

213,444 SqFt

Lot

Description

Apex Properties is pleased to present the opportunity to purchase Simple Fee interest of a 4.9 acre parcel located on the NE Corner of Alondra Blvd. and Valley View Ave. in the City of La Mirada, CA.  The offering consists of two parcels  – 15700 Valley View Ave. (APN: 8069-018-053) and 14241 Alondra Blvd. APN: 8069-018-054).

Both parcels are leased to a subsidiary of H & E Equipment Services, Inc. (NASDAQ: HEES).  The current lease commencement date was April 1, 1999 with an original primary term of 30 years.   The primary lease term expires March 31, 2029, with no options to extend.   H&E Equipment Services, Inc. has 100% ownership interest in the entities that executed the lease.

In 2001 the master tenant entered into a sublease agreement with the operators of the Arco, AM/PM and Wendy’s for parcel #8069-018-053 (corner parcel).   The rent paid by the subtenant(s) are unknown, but the primary sublease term expires concurrently with the master lease on March 31, 2029.  The improvements of the corner parcel (subleased portion) belong to the sub-tenant.

 

Presented by:

Chris Comfort
President

424-293-8085
Email: [email protected]

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Address

Address: 15700 Valley View Blvd., La Mirada, ca
  • Country: United States
  • Postal code / ZIP: 90638
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  • Property ID 3043
  • Price $6,995,000
  • Property Type Industrial
  • Property status Sold
  • Size 28062 SqFt
  • Land area 213444 SqFt

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Contact

Name: Chris Comfort

424-293-8085 x 101